Belpointe Asset Management LLC trimmed its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,160 shares of the company’s stock after selling 213 shares during the period. Belpointe Asset Management LLC owned about 0.06% of iShares U.S. Insurance ETF worth $406,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Redwood Park Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter valued at $44,000. Raymond James Financial Inc. acquired a new stake in iShares U.S. Insurance ETF in the 4th quarter valued at about $8,119,000. Advisory Services Network LLC raised its stake in shares of iShares U.S. Insurance ETF by 17.4% in the fourth quarter. Advisory Services Network LLC now owns 93,719 shares of the company’s stock worth $11,853,000 after acquiring an additional 13,910 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of iShares U.S. Insurance ETF by 325.4% during the fourth quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock worth $112,000 after purchasing an additional 680 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of iShares U.S. Insurance ETF during the fourth quarter valued at approximately $1,753,000.
iShares U.S. Insurance ETF Price Performance
Shares of iShares U.S. Insurance ETF stock opened at $129.91 on Thursday. The firm has a 50 day simple moving average of $132.07 and a 200 day simple moving average of $130.42. iShares U.S. Insurance ETF has a fifty-two week low of $109.09 and a fifty-two week high of $139.08. The firm has a market cap of $746.98 million, a P/E ratio of 11.84 and a beta of 0.65.
About iShares U.S. Insurance ETF
The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.
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